Best Hard Money Lenders in Canada?

[Steven Wocknitz]

What are some of the best Hard Money Lenders in Canada and why?

[Amir Sperling]

@Steven Wocknitz @Luc Boiron @Julie Toh

In Ontario, and I imagine in the rest of Canada too, hard money lenders (called private lenders in Canada) are not allowed to advertise unless they are licensed mortgage agents. So they are hard to find unless they are family/friends. They must go through mortgage agents! The strategy in Canada is to align yourself with a mortgage agent who has access to private lenders. They will also have access to MICs and B-lenders. B-lenders are somewhere in between A-lenders (banks) and private lenders, and many also work exclusively with mortgage agents. Keep in mind you’ll need some money down. The private lenders and b-lenders I work with are great but all require at least 20% down. 

Bottom line is it’s a bit different in Canada and your best strategy is to add a mortgage agent as part of your “team” along with realtor, lawyer, property manager, etc.